European Central Bank holds rates
Staff’s new projections look “similar” to those published in June, Lagarde says
The European Central Bank held rates again today (September 11).
Its president Christine Lagarde emphasised that the ECB continued to believe it was in a “good place” as annual inflation remained around the bank’s medium-term target of 2%.
The bank had paused its rate-cutting campaign at the previous meeting of its governing council on July 24. Since then, its deposit facility rate has been 2%, its main refinancing operations rate 2.15% and its marginal lending facility rate 2.65%.
Lagarde said the
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